Company Description
Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry.
It primarily originates loans structured as senior loans secured by real estate, equipment, cash flows, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.
The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
The company was formerly known as AFC Gamma, Inc. and changed its name to Advanced Flower Capital Inc. in October 2024.
Advanced Flower Capital Inc. was incorporated in 2020 and is based in West Palm Beach, Florida.
| Country | United States |
| Founded | 2020 |
| IPO Date | Mar 19, 2021 |
| Industry | REIT - Mortgage |
| Sector | Real Estate |
| CEO | Daniel Neville |
Contact Details
Address: 477 S. Rosemary Avenue, Suite 301 West Palm Beach, Florida 33401 United States | |
| Phone | 561 510 2390 |
| Website | advancedflowercapital.com |
Stock Details
| Ticker Symbol | AFCG |
| Exchange | NASDAQ |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| IPO Price | $19.00 |
| CIK Code | 0001822523 |
| CUSIP Number | 00109K105 |
| ISIN Number | US00109K1051 |
| Employer ID | 85-1807125 |
| SIC Code | 6500 |
Key Executives
| Name | Position |
|---|---|
| Daniel Neville | Chief Executive Officer and Partner |
| Leonard Mark Tannenbaum C.F.A. | Executive Chairman |
| Robyn Tannenbaum | Co-Founder, Partner, Chief Investment Officer and President |
| Brandon Hetzel | Chief Financial Officer and Treasurer |
| Cody Shue | Accounting Manager |
| Lana Ping | Director of Investor Relations |
| Gabriel A. Katz | Chief Legal Officer |
| James F. Velgot | Chief Marketing Officer |
| Johanna White C.F.A. | Managing Director |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| May 14, 2025 | 8-K | Current Report |
| May 14, 2025 | 10-Q | Quarterly Report |
| May 5, 2025 | 8-K | Current Report |
| May 2, 2025 | 8-K | Current Report |
| Apr 25, 2025 | EFFECT | Notice of Effectiveness |
| Apr 17, 2025 | S-3 | Registration statement under Securities Act of 1933 |
| Apr 10, 2025 | S-8 | Securities to be offered to employees in employee benefit plans |
| Apr 4, 2025 | ARS | Filing |
| Apr 4, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 4, 2025 | DEF 14A | Other definitive proxy statements |